All News briefs articles – Page 380
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News briefs
Two Swiss companies produce fashionable, reusable masks
Two Swiss textile companies, Schoeller Textil and Forster Rohner, have a developed a washable mask to meet the criteria of the Swiss National Covid-19 Science Task Force, establishing a short supply chain and improving on disposable masks from an ecological perspective. Schoeller is supplying the fabric, a two-layer weave of ...
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News briefs
Maynards to auction two Adidas pilot production facilities
Maynards Europe, the global liquidation and auction specialist, working in conjunction with U.S.-based Heritage Global Partners, are to sell the entire manufacturing equipment of two unique production lines established by Adidas. The facilities were previously a part of a pilot flexible-design manufacturing project, called Speedfactory, for small runs of custom-designed ...
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News briefs
Under Armour is manufacturing face masks
Under Armour (UA) is making special face masks that require no sewing to support the healthcare professionals at the nearby University of Maryland Medical System (UMMS) in their fight against the coronavirus pandemic. UA’s global headquarters is located in Baltimore, Maryland. The sports brand is also working on face shields ...
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News briefs
Asics invests in Seevix Material Sciences
Asics Ventures, an investment subsidiary of Asics, has taken a stake in Seevix Material Sciences, an Israeli start-up that develops and produces synthetic spider silk. Seevix was established in 2014. The company manufactures a patented man-made spider silk, called SVX, backed by more than ten years of research at the ...
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News briefs
UA and others commit to pay suppliers for certain cancelled orders
Under Armour has committed to the PayUp campaign, an initiative that urges fashion brands to pay their garment factories for orders that are both completed and in production, and yet cancelled or delayed because of the coronavirus pandemic. The campaign was launched by Remake, a workers’ rights organization, at the ...
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News briefs
VF Corp. looks at virtual reality
VF Corp. is exploring virtual reality as part of its strong investments intending to become “hyperdigital.” Cemtrex has announced that it has received an order from VF to create a virtual reality (VR) application. The VR application, which is due to be delivered within the current quarter, aims to create ...
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News briefs
Intersport Germany publishes report on buying behavior in times of the coronavirus
Intersport Germany recently published an interesting report on buying behavior in the midst of the coronavirus crisis, based on a survey of 300 consumers. According to it, 41 percent of the respondents were exercising more during their confinement than before the lockdown. However, not all the consumers that were exercising ...
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News briefs
Havaianas diversifies
Havaianas has launched a full-fledged collection of beachwear, T-shirts and other textile products for spring/summer 2020 on its website in Europe. The Brazilian brand of rubber shoes has also teamed up with Eastpak on a range of co-branded products. The collaboration has resulted in four items in the bright colors ...
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News briefs
Fedas fears big sales losses for sports retailers
The Federation of European Sports Retailers (Fedas) has developed a plan of action to improve the protection of employees, customers and particularly vulnerable persons in the retail sector from coronavirus infection. The concept was developed under the leadership of Peter Bruggmann, vice president of Fedas and president of the Swiss ...
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News briefs
Nike stores are reopening
As of May 14, all of Nike’s owned stores and more than 95 percent of its partner stores in Greater China and South Korea were open, although some still have shortened hours. Store traffic there remains low, according to Nike, but overall retail traffic and conversion rates are rising and ...
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News briefs
Brands believe in sponsorship despite coronavirus
A large majority of brands involved in the sponsorship of sports and entertainment events in Europe (72 %) are planning to extend their sponsorship deals despite the uncertainty caused by the coronavirus pandemic. The recent survey by the European Sponsorship Association (ESA), entitled “Sponsorship Sentiment Tracker,” also found that more ...
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News briefs
October Fibo will be for the trade only
Fibo will take place as planned in Cologne at the beginning of October, but only as trade show, without the usual large attendance by the general public. It will be held from Thursday Oct. 1 to Saturday Oct. 3, eliminating the traditional Sunday opening for consumers. As usual, the European ...
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News briefs
Wilson to supply the NBA’s official ball once more
Wilson has a signed a multi-year deal with the National Basketball Association (NBA) to supply official game balls for it and its related leagues. Wilson is replacing Spalding, which has supplied the NBA’s balls for past eight years. Before that, Wilson had been the official supplier since 1946. No details ...
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News briefs
Adidas pairs Covid-19 donations to exercise tracking apps
Adidas is launching the #HomeTeamHero Challenge to support the Covid-19 pandemic’s essential workers. For every hour of app-tracked exercise from May 29 to June 7 Adidas will donate $1 to the Covid-19 Solidarity Response Fund of the World Health Organization (WHO). The objective is to reach one million hours. The ...
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News briefs
Eagle Creek donates face masks to European retail partners
Eagle Creek, the producer of travel bags and backpacks from southern California, is donating thousands of face masks to independent retailers in Europe. From next week, the company’s European retail partners will receive 2,400 masks intended not for resale but for the staffs of retail stores, in order to minimize ...
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News briefs
Under Armour’s lending covenants are relaxed
Under Armour has obtained a revision to its credit agreement with JP Morgan Chase that reduces it required debt/Ebitda ratio but forces it to maintain a minimum liquidity of $450 million through the end of 2021. Also, the aggregate revolving credit facility has been cut from $1.25 billion to $1.10 ...
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News briefs
Covid-related charge sinks Iconix’ results
The Iconix Brands Group, which owns a host of brands including Umbro, booked an impairment charge of $13.7 million for the first quarter, attributing it to the recent and future effects of the coronavirus pandemic on Umbro and four other brands in its portfolio. The charge inflated the company’s net ...
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News briefs
Decathlon Germany implements “Scan & Go”
Decathlon has started to offer a “Scan & Go” option in its German stores. It makes use of MishiPay mobile technology that allows customers to scan and pay for items by simply using their smartphones. The system thereby minimizes the contact with both check-out devices and the store staff. Customers ...
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News briefs
Zalando loses financial expert
Birgit Haderer will be leaving Zalando, the German-based e-tailer. In her position as chief financial officer, Haderer was closely involved in Zalando’s expansion. Previously working for Goldman Sachs, she set up and eventually led Zalando’s financial department. In 2014, she managed Zalando’s IPO, which, at a value of $668 million, ...
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News briefs
Zalando’s off-price segment grows strongly
Zalando has opened a new outlet store in Mannheim, making a total of nine such off-price physical stores in Germany. The store covers 1,400 square meters. The opening was initially planned for April, but was postponed due to lockdown regulations in Germany, where only stores with a sales surface of ...
